DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

C••••••••• C•••••• G••••• L•

Independent wealth managerMinneapolis, MinnesotaCRD 306590SEC 801-117829websiteIAPD
Latest filing Mar 26, 2026
First filing on the tape Nov 19, 2019 · 17 filings
SEC status approved since Jan 2, 2020
RAUM
$359M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
82%
$295M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$359M as of Mar 26, 2026
Apr 24, 2020$254M then
HNW client RAUM$295M as of Mar 26, 2026
Apr 24, 2020$254M then
State-registered IARs (5.B.3)1 as of Mar 26, 2026
Apr 24, 20200 then
Employees (5.A)2 as of Mar 26, 2026
Apr 24, 20206 then
Private funds: no history
RAUM +5.4% over the last fiscal year+2.9% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$359MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.4MderivedHNW RAUM over HNW clients
Average account
$6.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
18%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+5.4%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$43.7M, 1 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$295M82%
  • Charitable organizations$64.1M18%
Individual clients
n/areported
HNW clients
55reported
Pension plan clients
n/areported
Charitable clients
3reported
Accounts
58reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$43.7M for 1 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.82 fund_share=0.0 institutional_share=0.18 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••••• M•••••• · Vice President And Chief Compliance Officercontrol
        since 07/2021 · owns less than 5%
      • H••••••• S••••••• J••••• · Ownercontrol
        since 07/2019 · owns 75% or more
      • N••••••• D••••••• A••••• · Managing Directorcontrol
        since 09/2019 · owns less than 5%
      Related persons
      Schedule D 7.A
      • C••••••••• L••
        n
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • unusually large average accountStatic outlier · filing Mar 26, 2026
        RAUM per account of $6,183,918 against a peer median of $439,994 (5433 comparable advisers, 100.0th percentile, 3.9 robust deviations)
        peers: independent wealth managers, $100M to $500M (5,433) · 100% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 63 to 58
        Jun 12, 2025 to Mar 26, 2026
      • HNW clients · 60 to 55
        Jun 12, 2025 to Mar 26, 2026
      • Assets in custody · $46.4M to $43.7M
        Jun 12, 2025 to Mar 26, 2026
      • Discretionary RAUM · $340M to $359M
        Jun 12, 2025 to Mar 26, 2026
      • HNW RAUM · $276M to $295M
        Jun 12, 2025 to Mar 26, 2026
      • RAUM · $340M to $359M
        Jun 12, 2025 to Mar 26, 2026
      • Financial planning clients · unset to
        Mar 26, 2025 to Jun 12, 2025
      • Related adviser · false to true
        Mar 26, 2025 to Jun 12, 2025
      • Accounts · 66 to 63
        Mar 29, 2024 to Mar 26, 2025
      • HNW clients · 63 to 60
        Mar 29, 2024 to Mar 26, 2025
      • Assets in custody · $40.3M to $46.4M
        Mar 29, 2024 to Mar 26, 2025
      • Employees · 3 to 2
        Mar 29, 2024 to Mar 26, 2025
      • State-registered IARs · 0 to 1
        Mar 29, 2024 to Mar 26, 2025
      • Discretionary RAUM · $299M to $340M
        Mar 29, 2024 to Mar 26, 2025
      • HNW RAUM · $244M to $276M
        Mar 29, 2024 to Mar 26, 2025
      • RAUM · $299M to $340M
        Mar 29, 2024 to Mar 26, 2025
      • Accounts · 68 to 66
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 9 to 1
        Mar 31, 2023 to Mar 29, 2024
      • HNW clients · 65 to 63
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $33.0M to $40.3M
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 9 to 3
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $329M to $299M
        Mar 31, 2023 to Mar 29, 2024
      • HNW RAUM · $285M to $244M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $329M to $299M
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 59 to 68
        Mar 24, 2022 to Mar 31, 2023
      • Advisory activities · 3 to 2
        Mar 24, 2022 to Mar 31, 2023
      • Charity clients · 2 to 3
        Mar 24, 2022 to Mar 31, 2023
      • HNW clients · 57 to 65
        Mar 24, 2022 to Mar 31, 2023
      • Assets in custody · $39.0M to $33.0M
        Mar 24, 2022 to Mar 31, 2023
      • Other offices · 3 to 0
        Mar 24, 2022 to Mar 31, 2023
      • Discretionary RAUM · $347M to $329M
        Mar 24, 2022 to Mar 31, 2023
      • HNW RAUM · $307M to $285M
        Mar 24, 2022 to Mar 31, 2023
      • RAUM · $347M to $329M
        Mar 24, 2022 to Mar 31, 2023
      • Succession · true to false
        Mar 24, 2022 to Mar 31, 2023
      • Advisory employees · 10 to 9
        Feb 8, 2022 to Mar 24, 2022
      • Charity clients · 1 to 2
        Feb 8, 2022 to Mar 24, 2022
      • Accounts · 19 to 59
        Feb 8, 2022 to Mar 24, 2022
      • HNW clients · 18 to 57
        Feb 8, 2022 to Mar 24, 2022
      • Assets in custody · $34.7M to $39.0M
        Feb 8, 2022 to Mar 24, 2022
      • Employees · 10 to 9
        Feb 8, 2022 to Mar 24, 2022
      Signals
      9 dated events
      • Jerald Jamison Rice (Managing Director) no longer on Schedule A of C••••••••• C•••••• G••••• L• (listed 2023-03-31, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • Elaine Johnson Kara Walter (Managing Director) no longer on Schedule A of C••••••••• C•••••• G••••• L• (listed 2023-03-31, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • Don Lee Valenta (Managing Director) no longer on Schedule A of C••••••••• C•••••• G••••• L• (listed 2023-03-31, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • C••••••••• C•••••• G••••• L• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Mar 24, 2022 · Succession (Item 4) · fact
      • Hale Richard Anderson (General Counsel) no longer on Schedule A of C••••••••• C•••••• G••••• L• (listed 2022-01-11, absent 2022-02-08)
        Feb 8, 2022 · Control person left · inference
      • Michael Deslaurier (Controller And Chief Compliance Officer) appeared on Schedule A of C••••••••• C•••••• G••••• L•
        Jul 13, 2021 · Control person joined · fact
      • Don Lee Valenta (Managing Director) appeared on Schedule A of C••••••••• C•••••• G••••• L•
        Aug 12, 2020 · Control person joined · fact
      • Hale Richard Anderson (General Counsel) appeared on Schedule A of C••••••••• C•••••• G••••• L•
        Apr 24, 2020 · Control person joined · fact
      • C••••••••• C•••••• G••••• L• filed its initial SEC registration (Form ADV)
        Nov 19, 2019 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      952-208-8620reportedpublic record, Form ADV, Mar 26, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Independent wealth managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026